Eric Richard Remer Sells 6,354 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) Director Eric Remer sold 6,354 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $8.07, for a total value of $51,276.78. Following the completion of the transaction, the director owned 5,011,125 shares of the company’s stock, valued at $40,439,778.75. The trade was a 0.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Eric Richard Remer also recently made the following trade(s):

• On Friday, September 4th, Eric Remer sold 2,997 shares of EverCommerce stock. The stock was sold at an average price of $8.02, for a total value of $24,035.94.
• On Wednesday, September 2nd, Eric Remer sold 5,313 shares of EverCommerce stock. The stock was sold at an average price of $8.03, for a total value of $42,663.39.
• On Tuesday, September 1st, Eric Remer sold 47,353 shares of EverCommerce stock. The shares were sold at an average price of $8.24, for a total value of $390,188.72.
• On Monday, August 31st, Eric Remer sold 40,906 shares of EverCommerce stock. The stock was sold at an average price of $8.91, for a total transaction of $364,472.46.
• On Friday, August 28th, Eric Remer sold 23,824 shares of EverCommerce stock. The stock was sold at an average price of $9.21, for a total transaction of $219,419.04.
• On Thursday, August 27th, Eric Remer sold 14,594 shares of EverCommerce stock. The shares were sold at an average price of $9.24, for a total transaction of $134,848.56.
• On Wednesday, August 26th, Eric Remer sold 21,821 shares of EverCommerce stock. The stock was sold at an average price of $8.98, for a total transaction of $195,952.58.
• On Tuesday, August 25th, Eric Remer sold 20,710 shares of EverCommerce stock. The shares were sold at an average price of $9.13, for a total value of $189,082.30.
• On Monday, August 24th, Eric Remer sold 13,974 shares of EverCommerce stock. The stock was sold at an average price of $9.57, for a total value of $133,731.18.
• On Friday, August 21st, Eric Remer sold 16,602 shares of EverCommerce stock. The shares were sold at an average price of $9.63, for a total value of $159,877.26.

EverCommerce Price Performance

Shares of EVCM opened at $7.92 on Friday. The business has a 50-day moving average of $10.40 and a 200-day moving average of $10.61. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 44.00, a price-to-earnings-growth ratio of 0.77 and a beta of 0.84. EverCommerce Inc. has a 1 year low of $7.66 and a 1 year high of $14.41.

EverCommerce (NASDAQ:EVCM) last announced its earnings results on Wednesday, August 5th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.10). EverCommerce had a net margin of 5.69% and a return on equity of 3.95%. The company had revenue of $152.02 million during the quarter, compared to the consensus estimate of $152.29 million. During the same quarter in the previous year, the company earned $0.04 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. As a group, equities research analysts anticipate that EverCommerce Inc. will post 0.52 earnings per share for the current year.

More EverCommerce News

Here are the key news stories impacting EverCommerce this week:

• Positive Sentiment: Wall Street Zen upgraded EverCommerce (EVCM) to a “Strong Buy” rating, which may support the stock by signaling confidence in its valuation and future performance. EverCommerce upgraded to Strong Buy by Wall Street Zen
• Positive Sentiment: Institutional ownership remains high at approximately 97.9%, with BlackRock and CoreCap Advisors establishing new positions and Goldman Sachs significantly increasing its stake. These investments may provide some support for EVCM. Institutional investors and insider trading activity
• Neutral Sentiment: Analyst sentiment is mixed: EVCM has three Buy, five Hold and two Sell ratings, with an average price target of $11.00, above recent trading levels. However, RBC lowered its target to $10.00 and Barclays maintained an Underweight rating. EverCommerce analyst ratings
• Negative Sentiment: Director Eric Remer sold another 2,997 shares for about $24,000 on September 4, following sales of 6,354 shares on September 3 and 5,313 shares on September 2. The broader disclosed series shows more than 214,000 shares sold since August 21, although Remer still owns roughly 5.0 million shares. Continued insider selling can pressure investor confidence. EverCommerce director stock sales
• Negative Sentiment: EverCommerce’s latest quarterly results showed adjusted earnings of $0.05 per share, well below the $0.15 consensus estimate, while revenue was essentially in line at $152.02 million and grew only 2.7% year over year. The earnings shortfall remains a key concern for investors. EverCommerce quarterly earnings results

Wall Street Analyst Weigh In

EVCM has been the subject of a number of research reports. Royal Bank Of Canada reduced their price objective on EverCommerce from $11.00 to $10.00 and set a “sector perform” rating for the company in a research note on Thursday, August 6th. Barclays raised their price target on shares of EverCommerce from $8.50 to $10.00 and gave the company an “underweight” rating in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of EverCommerce from a “buy” rating to a “strong-buy” rating in a report on Saturday. Canaccord Genuity Group upped their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of EverCommerce in a research report on Friday, August 21st. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $11.00.

Institutional Investors Weigh In On EverCommerce

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of EverCommerce in the second quarter worth $10,724,000. CoreCap Advisors LLC bought a new stake in shares of EverCommerce during the 2nd quarter valued at $2,716,000. Goldman Sachs Group Inc. lifted its holdings in EverCommerce by 94.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock worth $1,266,000 after purchasing an additional 50,854 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in EverCommerce by 5,995.2% during the 2nd quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock worth $523,000 after purchasing an additional 49,041 shares in the last quarter. Finally, Zacks Investment Management bought a new position in EverCommerce in the 3rd quarter worth about $418,000. Institutional investors own 97.91% of the company’s stock.

EverCommerce Company Profile

EverCommerce, Inc is a provider of cloud-based software-as-a-service (SaaS) solutions designed for local service businesses. The company delivers an integrated platform that helps organizations manage customer interactions, streamline operations and facilitate recurring revenue. By combining multiple functions into a single interface, EverCommerce aims to simplify back-office processes and enhance the overall customer experience.

The company’s offerings encompass tools for appointment scheduling, payment processing, client relationship management, marketing automation, reputation management and reporting analytics.